Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its holdings in shares of Kirkland Lake Gold Ltd (NYSE:KL) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,721 shares of the company’s stock after selling 2,699 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Kirkland Lake Gold were worth $940,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Virginia Retirement Systems ET AL lifted its stake in Kirkland Lake Gold by 67.1% during the fourth quarter. Virginia Retirement Systems ET AL now owns 212,400 shares of the company’s stock worth $9,376,000 after purchasing an additional 85,300 shares during the last quarter. Fulton Bank N.A. lifted its stake in Kirkland Lake Gold by 29.0% during the fourth quarter. Fulton Bank N.A. now owns 6,343 shares of the company’s stock worth $280,000 after purchasing an additional 1,425 shares during the last quarter. Nwam LLC lifted its stake in Kirkland Lake Gold by 33.8% during the fourth quarter. Nwam LLC now owns 6,429 shares of the company’s stock worth $283,000 after purchasing an additional 1,623 shares during the last quarter. Optimum Investment Advisors lifted its stake in Kirkland Lake Gold by 31.6% during the fourth quarter. Optimum Investment Advisors now owns 2,500 shares of the company’s stock worth $110,000 after purchasing an additional 600 shares during the last quarter. Finally, Exane Derivatives lifted its stake in Kirkland Lake Gold by 195.1% during the fourth quarter. Exane Derivatives now owns 15,707 shares of the company’s stock worth $698,000 after purchasing an additional 10,385 shares during the last quarter. 52.59% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on KL shares. CIBC reaffirmed a “hold” rating and set a $60.00 price target on shares of Kirkland Lake Gold in a research note on Sunday, January 12th. National Bank Financial lowered Kirkland Lake Gold from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, November 26th. Zacks Investment Research lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 4th. Credit Suisse Group started coverage on Kirkland Lake Gold in a research note on Monday, October 7th. They set a “neutral” rating and a $47.00 price target for the company. Finally, Stifel Nicolaus lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $55.31.
KL opened at $41.10 on Wednesday. The company has a market cap of $9.03 billion, a P/E ratio of 18.02 and a beta of -0.23. The business’s 50-day moving average price is $43.16 and its 200-day moving average price is $44.92. Kirkland Lake Gold Ltd has a 12 month low of $29.15 and a 12 month high of $51.08.
Kirkland Lake Gold (NYSE:KL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.08. The firm had revenue of $381.43 million for the quarter, compared to the consensus estimate of $375.14 million. Kirkland Lake Gold had a return on equity of 35.18% and a net margin of 39.86%. The company’s quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. Analysts expect that Kirkland Lake Gold Ltd will post 2.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a $0.06 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.58%. This is an increase from Kirkland Lake Gold’s previous quarterly dividend of $0.03. Kirkland Lake Gold’s payout ratio is currently 17.65%.
Kirkland Lake Gold Profile
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.
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